7 Lessons From the U.K.’s Departure From EU
< < Go Back
As global financial markets convulse in response to British citizens voting to leave the European Union, the stunning outcome of the U.K.’s referendum provides more questions than answers.
It also leaves us with seven lessons whose implications extend well beyond Britain.
Socio-political disconnects are everywhere.
Bitter and divisive campaigns are the new normal in national politics.
Assumptions from history no longer apply to established parties.
Anti-establishment and fringe parties can change politics even when they have no chance of gaining power.
Fringe politics can feed on themselves, including across borders.
Financial markets, and the “wisdom of crowds” that is supposed to underpin them, are not any better at predicting such political outcomes than most people are.
Add “Brexit” to a list of unthinkables that have become reality.
More From ThinkAdvisor:
Rss Feed